St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1887-07-09
CHARTER.
STATE OF LOUISIANA.
CRY or NV OkLEAvs.

STATE OF LOUISIANA,
CRY or NV ORLEAxs.
BE II KSowN, That on this thirty
first day Of May, in the year Of cur Lord
one thousand eight hundred and eighty
seven, before me, Marcel I. Ducros, =
notary public in and for the city and
parish Of New Oriean State of Louisi-
ana, aforesaid. duly commissioned aud
sworn. personally came and appeared
the several persons whose names are
hereunto subscribed. who declared that,
availing themselves Of the provisions Of
the laws of this State relative to the or
ganization Of corporations for works Of
general utility and improvement. they
have covenanted and agreed, and do.
by these presents, covenant aud agree.
and bind themselves, as well as such
persons a may hereafter become asso-
ciated with them, to form ard constitute
a corporation and body polite in Law.
for the purposes and objects and under
the stipulation, articles and conditions
following, to-vit:
ARTICLE FIRST.
The name and title Of said corporation
shall be the '.COvINGTON AND 81.
rAAIAIANY LAND AND IMPROVE
AENT COMPANY" and by that name
!: shall have succession and corporate
existence for and during the term and
period Of ninety-nine years from the
late Of these presents, unless sooner
dissolved in the manner hereinafter
provided. The domicile Of said corpora
zion shall be in the town Of Covingtoa.
State of Louisiana. and it shall have =
corporate seal. TO be such Is the Board
Of Directors may select.
ARTICLE SECOND.
The objects and purposes for which
this corporation is established, and the
nature of the business 20 be carried on
by it are declared and specified to be to
purchase, improve and dispose OF real
estate OF every description whatever in
the town Of Covington or elsewhere in
this State; to erect. construct. operate
and establish factories and manu- facto-
ries Of every description, or any other
works or i'm Improvements Of public utility
Of any and every character, kind and
description on said lands, tenements
and real estate MS it may acquire or come
into possession of by purchase. nego-
tiation or con tract; to Improve. sell Or
dispose of or Negotiate such real estate
or property in such quantity or parcels
Of land AS they may deem suitable, 10
purchasers, with the right to authorize
said purchasers to construct, operate
and establish factoriee and man Mac
tories of every description on such
lands which the said purchasers may
acquire from the corporation; to grant
and take mortgages. aud make adj
vances on real estate; to borrow money,
and for the security thereof, 10 mort
gage all or part of the real estate owned
by said corporation; 70 loan all or any
portion of the funds of said corporation
by taking mortgages or other securities.
and to cOlonize and develop the agri-
cultural, mineral and manufacturing re-
sources Of the state Of Louisiana, on any
land which it may become Possessed 81
in the said State to promote immigra.
tioc thereto; and to purchase and sell
lands as real estate, SO as to provide
homesteads or farms for persons immi-
grating thereto; to connect any or Ill OF
said lands by railroad with any other
lines of railroad; provided. that in all
cases such acquisition Of lands. and the
disposition thereof, etc, ETC., shall be
executed by the Board Of Directors
hereinafter provided for. or by officers
aud agents duly authorized by said
Board.
Said corporation shall have ana pos.
sess all the powers, rights and privi-
leges that corporations are or may be, BY
any general laws of this State, allowed
to possess, and may exercise its corpor-
ate powers in any other State or Terri
tory Of the United States that may auth
orize the same; the said corporation
may sue aud De sued, citations aud all
legal processes shall be served ut the
office Of the company. in the town OF
Covihcton. La. and lpon the President.
and in his absence. upon the Vice
President Of the company.
ARrIcLl THIRD.
The capital stock Of the company il
hereby fixed ut the sum Of One Hun
dred Thousand Dollars, to be repre-
scented by Two Thousand Shares. Of the
par valae Of Fifty Dollars each. which
shall be paid fol in such manner and at
such time a. the Board Of Directors may
provide, and payment therefor shall Lt
made in cash or in property Of any de-
scription which, under the charter. may
be acquired by said corporation, or for
labor done for said corporation.
The Board Of Directors shall deter
mine the terms and conditions upon
which certificates Of stock shalt issue,
and how and under what conditions
they shalt. when issued. be transferred
No stakeholder shall ever be held liza
BILE or responsible for ths faults or con-
tracts of this corporation. nor for any Of
its transactions or business. nor shall
any informally in the organization of
the corporation otherwise. have the e.